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Lundin Let-Down
Posted by David
Lundin Mining (TSX-LUN) posted almost a half bilion dollar loss last quarter mainly due to costs associated with their takeovers of Rio Narcea and EuroZinc last year. considering how the value of most companies fell these past 8 months I am sure the Lundin family are kicking themselves for missing the money they could have saved if they had waited a little. Oh well, hindsight, they say, is 20/20. And here I thought I was getting it cheap when I got in at $7.26 on Jan. 21 when the TSX was down 600 points.
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